Letter: Where are banking industry indictments?

Wall Street investment banking executives and agents are far underrepresented in the American prison population. Attorney General Eric Holder should fulfill his duty and send the executive banking criminals to prison.

In the last years of the G.W. Bush presidency and in the beginning of the Obama presidency, the American government put up bailouts of hundreds of billions of dollars to combat a global economic crisis, supporting a number of mega-size banks and financial institutions in this effort. Subsequent financial institution investigations uncovered numerous illegal activities, leading to very stiff fines, but no indictments.

The financial behemoths such as Bank of America, J.P. Morgan Chase, Citigroup, Wells Fargo and Morgan Stanley have been fined tens of millions to several billions of dollars for activities such as exchange market manipulation, numerous types of fraud, and illegal trading practices. Despite these verified illegal activities and massive fines, virtually no financial traders or executives have been indicted.

The guilty, responsible people at these financial behemoths deserve, at the very minimum, indictment and prison. They should be barred from future work in the financial industry. America truly needs even-handed, level-headed actions. Without Mr. Holder's actions, America's course of elitism, corruption and plutocracy won't end well. Without his actions, the alternative justice would likely involve a massive pitchfork party outfitted with noose neckties for all guests of honor. History shows pitchfork parties to be highly effective, but also, unfortunately, to involve the horrible sufferings of and injustices to countless innocent peoples.